SSgA wants to launch three active ETFs by March, including one based on physical assets, another covering equities and fixed income, and one that holds global allocations. Additionally, the provider will launch an actively managed bank loan ETF later this year.
This move will allow State Street, which has a small presence in the active space, to gain a foothold in an area expected to expand over the next couple of years. If you look at the index-based landscape, it is full. In order to be competitive, this is where the growth could be over the next three to five years.
For more information on active funds, visit our actively managed ETFs category.
Max Chen contributed to this article.